By Iva Karen KUALA LUMPUR, June 30: In today’s investment landscape, it is no longer enough…
Corporate/Business
AI in Risk Scoring Brings Big Potential — But Accuracy, Bias Still Major Hurdles
By Iva Karen KUALA LUMPUR, June 27: Artificial Intelligence (AI) is changing how companies assess risk,…
Apart from compliance, business and customer relations units have significant roles to play in preventing financial crimes
By Iva Karen KUALA LUMPUR, June 26: Financial institutions must assign clear roles and responsibilities in…
Smart Electricity Use And Time Management Can Cut Utility Bills
KUALA LUMPUR, June 26 (Bernama) — The recently announced restructuring of electricity tariffs can help reduce utility bills…
With heavy reliance on managed services, banks must rethink vendor risks – compliance analyst
By Iva Karen KUALA LUMPUR, June 25: Financial institutions are being urged to take vendor risks…
Ukraine Aims Information Technology Trade Expansion With Malaysia
KUALA LUMPUR, June 24 (Bernama) — Ukraine is looking to expand its trade footprint in Malaysia by…
Most Online Financial Scam Transactions Made With Victims’ Own Consent – BNM
KUALA LUMPUR, June 24 (Bernama) — Most online financial fraud cases are found to have resulted from…
Effective Due Diligence Training Matters for All Employees
By Iva Karen KUALA LUMPUR, June 24: Due diligence training in Malaysia’s financial and non-financial sectors…
Banks must regularly update customer info to avoid unnecessary red flags on legit transactions
By Iva Karen KUALA LUMPUR, June 23 – Financcial institutions in Malaysia must treat Ongoing Due…
Neglecting Data Privacy in Due Diligence Could Cost Firms Dearly
By Iva Karen KUALA LUMPUR, June 20 – As corporate deals and investments surge across Malaysia…
Proposed EPF Health Insurance Scheme Will Be Voluntary, Says Dzulkefly
KUALA LUMPUR, June 20 (Bernama) — The government’s proposed health insurance scheme, to be funded through Account 2…
Thorough checks crucial as hidden company owners make overseas deals risky, lawyer cautions
By Iva Karen KUALA LUMPUR, June 19: Companies looking to invest overseas are often faced with…
AirAsia’s 16-Year Skytrax Streak Proves malaysian brand strength – dpm fadillah
KUALA LUMPUR, June 18 (Bernama) — AirAsia’s recognition as the World’s Best Low-Cost Airline by Skytrax for…
Directors May Be Liable For Poor Due Diligence – Lawyer
By Iva Karen KUALA LUMPUR, June 18: Company directors who fail to conduct proper due diligence…
AI Helps, But Humans Still Key to Spotting Financial Risks
By Iva Karen KUALA LUMPUR, June 17: While technologies such as artificial intelligence (AI) and robotic…
Beneficial Ownership Rules 2024 A Boost For Financial Integrity
By Iva Karen KUALA LUMPUR, June 16 — The Companies Act, which was amended in 2024,…
National Heart Institute (IJN) stresses importance of early detection
KUALA LUMPUR, June 15: Early heart screening can save lives and help prevent serious complications as…
Banks perform stronger due dilligence on high-risk clients, and it is not an invasion, says financial crimes investigator
By Iva Karen KUALA LUMPUR, June 13: Financial institutions in Malaysia are strengthening their Enhanced Due…
Malaysia Retains Top Muslim-Friendly Travel Destination Title For 10th Consecutive Year
KUALA LUMPUR, June 12 (Bernama) — Malaysia has once again reaffirmed its position as the world’s…
Penang To Host First ‘The Rise’ Summit With 600 Global Tamil Delegates
GEORGE TOWN, June 11 (Bernama) – A total of 600 delegates from 30 countries are expected…
Reasonable suspicion is enough to flag a transaction
By Iva Karen KUALA LUMPUR, June 12: There is no minimum threshold for filing a Suspicious…
Tracing the true source of funds in a digital era no longer linear
By Iva Karen KUALA LUMPUR, June 11: In an era where financial systems span continents and…
1st Meeting Of China-US Economic, Trade Consultation Mechanism Opens In London, Attracting Global Attention
LONDON, June 10 (Bernama-Xinhua) — The first meeting of the China-US economic and trade consultation mechanism opened…
KYC Best Practices Strengthen Financial Integrity
By Iva Karen KUALA LUMPUR, June 10 — Know Your Customer (KYC) best practices are becoming…